Multi-billion dollar funding rounds for OpenAI and Waymo lifted the dollar value of CVC-backed rounds to levels last seen in 2022. But there's an underlying rise in deal numbers, too.

The dollar value of corporate-backed startup funding rounds spiked to their highest level in more than two years, boosted by a handful of mega deals.
Multi-billion dollar funding rounds for OpenAI and Waymo helped boost dollar values to $22.33bn, a 134% increase over  October 2023’s $9.53bn. This is a level of spending last seen in 2022 at the end of the recent VC boom.

Though the OpenAI ...

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Angela Logan

Angela Logan is news and production editor at Global Venturing.
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